Create Partial Supplier Payment Rollback  

Explanation

This activity is used to undo parts of a payment that are incorrect, e.g., the wrong invoices have been entered as paid. Selected invoices for the payment will be reposted as unpaid. The amount of the rollback will be set up as a parked payment, and an adjustment voucher will be generated. The parked payment can be found later, e.g., in Supplier Offset, for use against other invoices or prepayments.

You can either post the entire payment as unpaid or post individual invoices or prepayments as unpaid. If any invoices included in a payment is already undone, then the Rollback option is selected for the undone invoice in the Supplier Payment Rollback page. However, you can still work with the remaining invoices and undo one or more of them as appropriate.  If you have undone an invoice in a payment, you cannot perform the Rollback Complete Payment operation.

For a partial rollback, no cash transaction record is generated. The total amount of the rollback is set up as a parked payment so that it can be offset against relevant items, installments or invoices, or later payments on account. In essence, a parked payment is a payment pending completion. The parked payment is however, fully posted in the system in the same way as other supplier debts. It is recommended to use a separate ledger account for parked payments to separately identify parked payments outside IFS Accounts Receivable/Accounts Payable since parked payments are created without any reference to a supplier ID. The details of parked payments can be viewed in the  Parked Supplier Payments Analysis page.

Prerequisites

In order to perform this activity:

• A payment must have been entered and postings made.
• The code part demands of the accounts used to post the original payment and the partially rolled back transaction should facilitate the copying of the original code string (B-J) to the rollback transaction when the control type of the posting type PP9, Parked Payment Disbursed is AC2 (Pre-Posting).

System Effects

As a result of this activity,

• The rollback status of the payment will change to Part Rolled Back in the Supplier Payment Rollback page.
• A new payment of the payment code Part Supp Rollback will be created. The payment date will be the same as the payment date of the original payment. The rollback status of the new payment will be Rollback.
• A new voucher of function group U will be created to post the rolled back amount to the account defined for posting type PP9 Parked Payment Disbursed. The original code string B-J (used in the initial payment) will be copied to the voucher if the control type for posting type PP9 is AC2 Pre Posting.
• Any currency exchange gain/loss postings will be reversed using the original code string combination used.

Pages

Supplier Payment Rollback

Activity Diagrams

Rollback Supplier Payment